Satiate Agri AGM 2026: 100% votes, 4 resolutions passed

Final voting results disclosed after 39th AGM

Satiate Agri Limited has declared the final voting results of its 39th Annual General Meeting (AGM) held on August 27, 2026. The meeting was conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), with the company’s registered office in Indore deemed the venue. Shareholders voted on four items, covering adoption of audited accounts and key board-level appointments. The company said all four ordinary and special resolutions were approved with unanimous support from participating shareholders. The outcome is relevant because it comes alongside insolvency-related developments and a changing management structure.

Voting window, record date, and e-voting platform

Eligibility to vote was linked to the record date of August 20, 2026. Remote e-voting opened on August 24, 2026 at 9:00 A.M. IST and closed on August 26, 2026 at 5:00 P.M. IST, providing a defined participation window ahead of the AGM. Central Depository Services (India) Limited (CDSL) was the e-voting agency facilitating the process. The company had also published newspaper advertisements on August 6, 2026, confirming the AGM schedule and the e-voting arrangements. Separately, Satiate Agri had earlier stated its Register of Members and Share Transfer Books would remain closed from August 17, 2026 to August 27, 2026 for AGM-related purposes.

What shareholders approved: four resolutions

Shareholders approved four resolutions at the AGM. The first was the adoption of the audited financial statements for the financial year ended March 31, 2026 (FY26). The second was the reappointment of Kailash Chand Dhaksia as a director, stated to be retiring by rotation. The third was the appointment of Yogendra Singh Bhati as a non-executive, non-independent director. The fourth was the appointment of Mr. Deepak Parashar as a whole-time director and key managerial personnel (KMP), and this item was passed as a special resolution.

Deepak Parashar appointment: term and remuneration disclosed

Among the highlighted outcomes was the appointment of Deepak Parashar as Whole-Time Director and KMP of the company. The proposed term stated was three years, effective from May 30, 2026. The proposed monthly salary disclosed was ₹35,000, with provisions for annual increments up to ₹10,000, subject to Schedule V of the Companies Act, 2013. The appointment was part of the agenda placed before shareholders during the 39th AGM process.

Scrutinizer report: 100% votes in favour

The scrutinizer’s report, issued on August 29, 2026, confirmed that 1,679,900 votes were cast in favour of all resolutions. This represented 100% of the valid votes polled, with no votes cast against any resolution. The company also disclosed a category-wise split for shares held and votes polled, including promoter group and public (non-institutions). The disclosed data indicates full support among those who participated in the voting process.

AGM conduct and participation details

Satiate Agri stated the AGM was held on August 27, 2026 from 5:00 P.M. to 5:16 P.M. IST via VC/OAVM. The company also disclosed limited participation and engagement during the meeting, stating that only 21 members attended and no shareholder questions or requests to speak were received. The meeting format and participation details are often closely tracked by investors, particularly when companies are undergoing heightened governance scrutiny.

CIRP context: NCLT admission and IRP oversight

The AGM took place under the Corporate Insolvency Resolution Process (CIRP) context disclosed by the company. The National Company Law Tribunal (NCLT), Indore Bench admitted the CIRP application under Section 7 of the Insolvency and Bankruptcy Code (IBC) on August 20, 2026. Following this, the powers of the Board of Directors were stated to be suspended. The company also stated that management and affairs were vested in the Interim Resolution Professional (IRP), MVK IPE LLP, and that the IRP chaired the AGM.

CoC meeting notice: first meeting scheduled

In a separate disclosure, Satiate Agri Limited (under CIRP) intimated the First Committee of Creditors (CoC) meeting scheduled for September 21, 2026 at 02:00 PM. The meeting is scheduled in hybrid mode, with participation through physical presence or Zoom. This adds an insolvency process milestone that stakeholders typically monitor alongside corporate governance events such as AGMs.

Recent financial snapshot: Q1FY27 loss narrows, revenue drops

Alongside governance and insolvency updates, the company reported a Q1FY27 standalone net loss of ₹40.39 lakh for the quarter ended June 30, 2026. The loss narrowed from ₹191.37 lakh in Q1FY26, as per the disclosed comparison. However, revenue for Q1FY27 fell to ₹18.30 lakh from ₹478.64 lakh in the prior quarter, according to the company’s stated figures. The disclosed consolidated numbers mirrored the standalone performance for the quarter, with a net loss of ₹40.39 lakh.

Management changes and market price point

The company also disclosed the simultaneous resignation of Managing Director Sudhir Jain (DIN: 00046442) and CFO Samyak Jain (DIN: 09234890). In the market, Satiate Agri shares were reported to have settled at ₹22.10 on a Monday session, registering a 4.86% decline, and remained locked throughout the trading session at that single price point. While price action can reflect multiple factors, these disclosures add context for investors tracking governance, insolvency status, and operating performance together.

Key facts at a glance

Conclusion

Satiate Agri’s 39th AGM ended with all four resolutions approved unanimously, backed by 1,679,900 votes in favour and none against, as confirmed in the scrutinizer’s report dated August 29, 2026. The approvals included adoption of FY26 audited financial statements and appointments of directors, including the special resolution appointing Deepak Parashar as whole-time director and KMP. The disclosures also sit alongside the company’s CIRP status following the NCLT Indore admission on August 20, 2026 and the scheduled first CoC meeting on September 21, 2026.